Following a detailed copper and gold review, Dreadnought Resources (ASX:DRE) has begun diamond drilling at its Tarraji-Yampi Project in Western Australia.
Drilling will focus on testing six copper-gold volcanogenic massive sulphide (VMS) targets around the Orion deposit.
At Orion Repeat, six holes will be drilled — totalling 1,640m — into geophysical and geochemical anomalies within prospective lithostructural settings for copper-gold mineralisation over a four week period.
Managing Director Dean Tuck says the recent review highlighted the Orion discovery, originally identified in 2021, as a copper-gold VMS system.
“Each of these targets has the potential to discover a new copper-gold massive sulphide lode to support the Orion discovery as the start of a camp, similar to how the DeGrussa and Moty deposits in the Bryah Basin were comprised of five major lodes,” he says.
“The discovery of additional lodes around Orion would strongly support the economic potential of the project. Drilling commenced over the weekend and should be completed in mid-July 2024.”
Dreadnought has entered into a drill-for-equity agreement with Topdrill, which will pay half of drilling costs — up to $1 million — by issuing shares to Topdrill.
The company plans to split the Topdrill drilling across its Tarraji-Yampi and Mangaroon projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Dreadnought Resources
